Bringg has launched its Delivery Management Platform on Google Cloud Marketplace to help retailers and eCommerce enterprises optimize their last-mile delivery process. By deploying Bringg’s solution portfolio, companies using Google Cloud will be able to dynamically manage internal fleets, expand delivery capacity, reduce costs and provide branded customer...
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to attract cash-strapped shoppers has resulted in a decline in revenue, Bloomberg reported Tuesday. Boohoo Group revised its full-year sales forecast Tuesday, anticipating...
Retail crime isn’t solely affecting the United States; it’s also a burgeoning concern on the other side of the Atlantic. On Sunday (Oct 1), 88 U.K. retailers united to endorse a letter drafted by the British Retail Consortium (BRC). This letter was addressed to Home...
A top European Union official is warning against letting “dystopian” fears govern artificial intelligence (AI) rulemaking. Věra Jourová, the European Commission’s vice president for values and transparency, said in an interview with the Financial Times (FT) Tuesday (Oct. 3) that paranoia in AI regulation could...
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the...
Sustainable growth comes from consistent organizational buy-in at the executive level. “It is about setting strategic direction from the top,” Aanchal Kochhar, head of product at Capital One Trade Credit, told PYMNTS. And two roles whose departments are growing increasingly important, as well as becoming...
With the Sibos 2023 financial services conference in the rearview mirror, central bank digital currencies (CBDCs) and blockchain in active discussion, and the FedNow® Service in the news, Form3 CEO Michael Mueller observed to Karen Webster: “Payments are still an exciting growth business, despite the...
It’s hard to ignore the omnipresence of our mobile phones. We turn to them countless times throughout the day, making them an indispensable part of our daily routine. While the advantages of staying “connected” are evident, there are also undeniable disadvantages, with one of the...
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that while Sequoia Capital has been a long-time investor in OpenAI, the firm is not actively...
